Nvidia bans usage of its GPU in non-mining datacenters

From now on, non-mining data centers without appropriate manufacturer's permission will be required to use specialized solutions
09 January 2018   1241

GPU manufacturer Nvidia has changed the terms of the license agreement for some products. From now on, data centers can not use certain equipment, unless they are engaged in crypto-currency mining.

In the new agreement, the company draws attention to the fact that drivers that allow computers to work with GeForce and Titan chips are not intended for use in data centers that do not handle the operations on the blockchain.

No Datacenter Deployment. The SOFTWARE is not licensed for datacenter deployment, except that blockchain processing in a datacenter is permitted.

License For Customer Use of NVIDIA GeForce Software

The document notes blockchain operations as the energy-consuming process of adding transaction blocks to the blockchain system, better known as mining. Nvidia's products, as well as its competitor AMD, are very popular among the crypto-currency miners.

From now on, data centers that do not have the appropriate manufacturer's permission will be required to use specialized solutions, the price of which is much higher. If the standard GeForce graphics card costs about $ 700, then the price of the enterprise-grade hardware, for example Tesla V100, is approaching $ 10,000.

According to The Register, Nvidia's spokesman explained that the GeForce and Titan video processors are designed for individual users, and not for large companies that constantly open data centers.

Bitmain to File IPO Application

The application was sent to Hong Kong Stock Exchange (HKEX)
27 September 2018   436

The largest mining company Bitmain has submitted to the Hong Kong Stock Exchange (HKEX) listing application for an initial public offering (IPO), according to CoinDesk.

The application is a draft option, and some of its details, in particular the number of shares offered for sale and the immediate date of the IPO, are still in the process of editing.

Nevertheless, the document indicates that last year Bitmain's revenue was $ 2,517,719,000. This figure is higher than in 2016 ($ 277,612,000). As of June 30, 2018, the company's revenue was $ 2,845,467,000.

The application said that in 2017 the gross profit of the company was $ 1 212.7 million, which is also higher than in 2016 ($ 151,351,000).

Earlier, the head of Bitmain, Jihan Wu, expressed his indignation over the actions of the company's chief financial officer, who disclosed the figures for the first quarter 60 days after his end, and not after 90, as he had expected.

The media suggested that in the run-up to the IPO the publication of such information could have a negative effect on the company's investment attractiveness.

In addition, the document confirmed the media's information that Bitmain owns a 3% stake in Opera's Internet browser thanks to an investment of $ 50 million.

The application also indicates that the underwriters of the IPO are China International Capital Corporation Hong Kong Securities Limited, Commerce and Finance Law Offices, Maples and Calder LLP, KPMG and Frost & Sulliva